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Bulls return as govt keeps date with GST

DNMUM390886 | 6/20/2017 | Author : DNA Money Correspondent | WC :343

Mumbai : Indian markets witnessed a smart recovery as the bullish sentiment got fortified on positive developments on the domestic front. Both the Sensex and Nifty hit fresh intra-day highs following goods and services tax (GST) headway.
While the BSE Sensex made a fresh closing high at 31311.57, jumping 255.17 points, or 0.82%, Nifty reclaimed 9600 level ending at 9657.55, by gaining 69.50 points, or 0.72%.
Banking counters witnessed a flurry of buying on hopes of resolution of non-performing assets (NPAs) issue after the Reserve Bank of India (RBI) asked lenders to initiate bankruptcy proceedings against large defaulters. The rally was led by State Bank of India, Axis Bank, HDFC Bank and ICICI Bank which climbed up to 1.9
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Accountability must start from the top
DNMUM408317 | 2/22/2018 12:00:00 AM | Author : Arun Krishnan | WC :558

Punjab National Bank (PNB) has been in the news for all the wrong reasons. The scam involves the sanctioning of Letters of Understanding (LoUs) to Nirav Modi and his companies without accompanying credit limits or margin money being paid to the
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The myth of college dropouts
DNMUM408318 | 2/22/2018 12:00:00 AM | Author : Sanchit Khera | WC :726

With so many success stories about college dropouts in the US, Indian chief executive officers (CEOs) are making their own mark in the trend. They struggle early on, try to push through and eventually drop out of their universities.
However, the
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EPFO cut may hurt employee sentiments
DNMUM408319 | 2/22/2018 12:00:00 AM | Author : Edit | WC :230

The move by Employees Provident Fund Organisation (EPFO) to cut the interest rate on EPF to 8.55% is not entirely unexpected. But it will surely leave over six crore employees subscribed to EPFO dejected. Now the government has a task at hand o
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Quarterly GST returns filing may be extended to all cos
DNMUM408320 | 2/22/2018 12:00:00 AM | Author : Anjul Tomar | WC :347

New Delhi: The government may change the goods and services tax (GST) returns filing periodicity from monthly to quarterly to make it simpler for all businesses to file their taxes.
The requirement of filing three GST returns in a month is also l
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